Money & Banking

Karnataka Bank launches Covid-19 health cover

Our Bureau Mangaluru | Updated on June 17, 2020 Published on June 17, 2020

Karnataka Bank has launched a health insurance policy to cover the uncertainties posed by the Covid-19 pandemic.

Quoting Mahabaleshwara MS, Managing Director and Chief Executive Officer of the bank, a press release said on Wednesday that with the objective of providing insurance cover to individuals against Covid-19-related expenses, the bank, in association with Universal Sompo General Insurance Company Ltd, has launched this health policy.

At a premium of ₹399 (inclusive of all taxes), one can avail health cover for Covid-19 under this policy. This policy will cover in-patient hospital expenses up to ₹3 lakh, outpatient treatment expenses of ₹3,000, and also provide a sum of ₹1,000 a day for expenses incurred towards 14 days of quarantine at a government or military hospital.

The validity of this policy is for a period of 120 days. The policy will be available to all the customers of the bank in the age group of 18-65 years.

The release said that members of the general public who are not existing customers of the bank will also be eligible to buy this policy immediately, after establishing a banking relationship with the bank.

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Published on June 17, 2020
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